If you attempt to buy a property before listing your home, you run into a couple of challenges. First, sellers may not take you seriously as a potential buyer. Second, your property might not sell as quickly as you thought it would.
If, on the other hand, you list your property before buying a new home, sellers will know you’re serious. Also, if your home sells quickly, you’ll have the peace-of-mind of knowing exactly how much of a new home you can afford. Of course, like the first option, there is a chance that the closing dates won’t match and you’ll end up owning two properties for a period of time. However, solutions such as bridge financing are available to help.
So, there is no perfect answer. A lot depends on the state of the local market.